A recent investigation has revealed that nearly half of the winners in PancakeSwap's trading competition may be interconnected, raising concerns about the integrity of the event. Blockchain records indicate that approximately 850 out of 1,700 winning wallets were linked, with funds being transferred between them to meet trading volume thresholds. The competition, part of Binance's Alpha program, involved trading tokens from five sponsors, including League of Traders and Bedrock DAO.
The event promised a 'random lucky draw' for participants who reached certain trading volumes. However, findings suggest that the interconnected wallets manipulated the system by trading sponsor tokens among themselves. A League of Traders representative noted the improbability of such connections occurring naturally, suggesting deliberate coordination among participants.
PancakeSwap Trading Competition Under Scrutiny for Alleged Collusion
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